As Barnes Group INC (B) Market Valuation Declined, King Luther Capital Management Corp Lowered Its Stake

Barnes Group Inc. (NYSE:B) LogoInvestors sentiment decreased to 0.84 in 2019 Q2. Its down 0.52, from 1.36 in 2019Q1. It turned negative, as 27 investors sold B shares while 66 reduced holdings. 24 funds opened positions while 54 raised stakes. 42.30 million shares or 1.26% less from 42.84 million shares in 2019Q1 were reported. Royal State Bank Of Canada holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 5,686 shares. Wasatch Advsrs Incorporated invested 1.52% in Barnes Group Inc. (NYSE:B). Eagle Boston Invest Management Inc holds 1.22% of its portfolio in Barnes Group Inc. (NYSE:B) for 18,967 shares. Bank Of New York Mellon accumulated 0.01% or 665,301 shares. 3.14 million were reported by Dimensional Fund Advsrs L P. Ny State Teachers Retirement has 111,432 shares. Moreover, Price T Rowe Assocs Md has 0.01% invested in Barnes Group Inc. (NYSE:B) for 950,315 shares. Proshare Advsrs Limited Company invested in 6,639 shares. Pitcairn invested in 0.03% or 4,732 shares. Tci Wealth holds 0.01% in Barnes Group Inc. (NYSE:B) or 274 shares. Federated Investors Pa accumulated 16 shares. Amalgamated Savings Bank holds 7,699 shares or 0.01% of its portfolio. Janney Montgomery Scott Ltd Co has invested 0% of its portfolio in Barnes Group Inc. (NYSE:B). Sg Americas Secs Ltd Liability Com has invested 0% in Barnes Group Inc. (NYSE:B). 6,120 were reported by Everence Cap Management Incorporated.

Since June 6, 2019, it had 3 insider purchases, and 0 sales for $5,850 activity. BENANAV GARY G had bought 35 shares worth $1,896.

King Luther Capital Management Corp decreased its stake in Barnes Group Inc (B) by 42.24% based on its latest 2019Q2 regulatory filing with the SEC. King Luther Capital Management Corp sold 153,521 shares as the company’s stock declined 8.25% . The institutional investor held 209,933 shares of the capital goods company at the end of 2019Q2, valued at $14.79M, down from 363,454 at the end of the previous reported quarter. King Luther Capital Management Corp who had been investing in Barnes Group Inc for a number of months, seems to be less bullish one the $2.59B market cap company. The stock increased 3.45% or $1.71 during the last trading session, reaching $51.22. About 252,105 shares traded or 6.91% up from the average. Barnes Group Inc. (NYSE:B) has declined 21.71% since October 12, 2018 and is downtrending. It has underperformed by 21.71% the S&P500.

King Luther Capital Management Corp, which manages about $16.93 billion and $11.42 billion US Long portfolio, upped its stake in Dollar Tree Inc (NASDAQ:DLTR) by 105,382 shares to 270,352 shares, valued at $23.47 million in 2019Q2, according to the filing. It also increased its holding in Eog Res Inc (NYSE:EOG) by 39,580 shares in the quarter, for a total of 1.67 million shares, and has risen its stake in Halliburton Co (NYSE:HAL).

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on October, 25. They expect $0.79 EPS, up 1.28 % or $0.01 from last year’s $0.78 per share. B’s profit will be $39.99M for 16.21 P/E if the $0.79 EPS becomes a reality. After $0.75 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 5.33 % EPS growth.

More notable recent Barnes Group Inc. (NYSE:B) news were published by: which released: “Is Caleres (NYSE:CAL) Using Too Much Debt? – Yahoo Finance” on October 12, 2019, also with their article: “Northwest Natural Holding (NYSE:NWN) Takes On Some Risk With Its Use Of Debt – Yahoo Finance” published on October 09, 2019, published: “3 Big-Time Stocks That Will Never Join the Dow – Motley Fool” on October 09, 2019. More interesting news about Barnes Group Inc. (NYSE:B) were released by: and their article: “B. Riley FBR sees upside on Callaway Golf – Seeking Alpha” published on October 09, 2019 as well as‘s news article titled: “Is The Container Store Group, Inc. (NYSE:TCS) Investing Your Capital Efficiently? – Yahoo Finance” with publication date: October 11, 2019.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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